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ABC
Jul 29, 2011 11:35pm PDT
's senior political correspondent jon carl. please tell us, jon, there is some whiff of bipartisan compromise in the air. >> reporter: well, i would love to tell you that. there is no whiff quite yet. i can tell you in fact they are moving in the exact opposite direction. the house of course passed that republican version of the debt ceiling bill, john boehner's bill. the senate acted immediately to reject it. and now i am told that the house is going to move forward tomorrow at 1:00 with a vote on the democratic version that harry reid has put forward and they're going to reject that. so we will have republicans rejecting the democratic deal, democrats rejecting the republican deal. house, senate, no action. but clearly there are negotiations going on behind the scenes. >> let's talk about worst case scenario. if the markets open on monday and tank, is there some trigger mechanism to avoid a cataclysmic event? >> reporter: well, you know, there are certainly emergency powers the president can exercise. but before we get there, bill, what i expect to see happen is that the two side
Search Results 0 to 2 of about 3 (some duplicates have been removed)